I fail in trading - page 38. | Bitcointalksearch.org

onebtcforlife

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Activity: 420

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Quote from: yansen on October 13, 2018, 10:56:33 PM

Don't just try it once. do 3 to 5 times. if all fails, there is an error in your learning. generally, a trader enters to buy during the red market or a coin with a red graph. so try doing that. and make small profits first, don't make big profits, because it's for beginner learning.

You will make a profit when we have enough experience towards trading and sometimes it is very tough for experienced traders to make a profit. So always try to learn from your previous mistakes in order to overcome those. Here in trading things will take sometime to make profits.

yansen

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Don't just try it once. do 3 to 5 times. if all fails, there is an error in your learning. generally a trader enters to buy during the red market, or a coin with a red graph. so try doing that. and make small profits first, don't make big profits, because it's for beginner learning.

BTCedgar

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Activity: 134

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Actually I do not pretend to seem contemptuous, but after several years as a trader in different markets I have learned that the best thing that a newbie interested in engaging in this exciting business in a serious and professional way can do is dedicate enough time to an adequate preparation of:

a) how markets work,
b) what trading is and how it is carried out,
c) and an extensive research and approach to cryptocurrencies,

since this market has proven to be very different from traditional markets and it is necessary to immerse yourself well in this world to understand its operation and the peculiar way in which this market seems to be more sensitive to the rumor mill than to the technical and fundamental aspects of the ordinary markets.

timmydakolo2

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Activity: 225

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Quote from: whitemigos on October 10, 2018, 09:07:56 AM

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

We were in the same shoes buddy every trader like you was once a Newbies and they all Fail but the best part is never to give up the knowledge of trying to learn more and get my clues on how to tackle trading still keep up the PATIENCE. In trading is not all the time you win the market there are also a loss in it but all u need to do is don't allow the loss over throne the win win.

Clark05

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Activity: 1274

Merit: 263

If you want to improve your skills you need to be read and watch more videos about trading and getting more tips and strategy. Better to have you also own you have strategy. Most of the coins now are down and all you need is to wait the price until it will increase not only you are experincing that.

FastSlots

hero member

Activity: 1008

Merit: 500

Quote from: whitemigos on October 10, 2018, 09:07:56 AM

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

Everything you know is right but the question is how much you know actually? Because if you really know how to analyze the price chart, or if you do really hard work, then I think you are going on the right path! You failed because that was your first time. Right? Now, this is the time to grasp your knowledge about trading! Keep trying with a low amount, most of the traders have lots of fail stories, so, don't be upset. Everything is alright. Try to read more and do practice more. In youtube, plenty of tutorials you will find there. So, learn them all. I will wait to hear your success story. Best of luck.

Wall_Streeet

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the main thing is to keep statistics, without it you can only get the result that you do not know how to analyze

Itjoker

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Quote from: whitemigos on October 10, 2018, 09:07:56 AM

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

First of all you should study about cryptocurrencies. There are many video clips, channels in youtube and literatures about trading, especially in cryptocurrencies market. You should learn about technical and fundamental analysis, always improve your skills and read all news in crypto world. Also learn literature of great traders as W. Gann, J. Livermore, G. Soros and other.

$anounimus$

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www.licx.io

if you fail in the world of trading you should be able to learn first how to trade well and correctly so that you can avoid losses and can always make a profit. experience, patience and expertise to determine the right time to buy coins and sell coins is the key to success when trading.

awik p

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Pepemo.vip

Quote from: sultanGol on October 13, 2018, 09:36:39 AM

Even the most experienced traders fail many times in the current market, it is not easy to read what is going to happen. I suggest to practice with "no real money", and invest when you gained more experience, and maybe the market is going up.

right, don't give up, it's true that experienced traders often fail, but they rise up by correcting errors, so that same mistake doesn't happen again. of course it requires a long process

sultanGol

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Even the most experienced traders fail many times in the current market, it is not easy to read what is going to happen. I suggest to practice with "no real money", and invest when you gained more experience, and maybe the market is going up.

Findingnemo

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Bitcoin = Financial freedom

When you are not ready for trading then you should not do that or else you will be failing here and most importantly trading is not for everyone so if you can spend much time for analysis then trading can be profitable and also you needs basic level of trading skills.

Brawnsugar

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Activity: 126

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Reading through this thread, the post from the OP and the responses thereafter, I'm encouraged to resume my trading lessons once again. Earlier in the year, I tried my hands on trading not just crypto, but FOREX too. I lost over $1500 trying to trade and it really demoralized me. I think I had not gotten sufficient knowledge before going live with trades. Now I'm encouraged to start again and learn even more. I also realized I need to work on my greed as a lot of times, I should pulled out of trades profitably, but greed set in and I kept telling myself each time I can earn more.

Emitdama

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Quote from: apityeh71 on October 10, 2018, 07:25:42 PM

You have to learn more about how to determine support and resistance area by use price pattern and some indicator. If you understand already how to do that so you will know which level price to buy and what is the stop loss level. Different between stop loss and take profit should 1:2 , for example if stop loss 5% so the take profit should be minimum 10%.

Actually, there is really a lot to learn when it comes to trading, but the problem is people are not always patient to learn all they need to learn before even starting to trade but since they heard you can make a lot of money from trading, they just want to start making money immediately, and it is because of this that a larger percentage of traders are always losing most of the time.

Trading can be fun, only when you have the knowledge and experience to be able to trade and you cannot just get all those in one day which is why I always advise wannabe traders that if they want to do well, they should not rush, but start with paper trading or demo trading, so they can at least build on themselves.

malah

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what you say is correct and you have to be patient and try to be able to do it right because to be a good trader requires a good effort, keep up the spirit of trading and don't despair, try and keep optimistic

welchmgra

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Activity: 77

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At this rate I assume everyone does as well. Except for few people who cached the increases and got out on the right time and some people who have purchased short futures at the right time, there is absolutely no one in the world that made money in this market.

For the past 10 months the market was not proper for any gains and it was constantly losses for everyone, we have even probably put more money into it to drop averages than we would like to however it kept going down. We are waiting for that "big whale" to buy thousands of bitcoins at once so the price gets up a bit.

MRY

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as a beginner you have to learn a lot and keep practicing about trading and if you fail then make that failure as a lesson so you will have a lot of experience and will make you understand more about trading

btsjungkook

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If you want to start trading try to read the official article updates a coin widely available diweb or other social media. A little story about trig coins I read an article that the coin was going to burn on the 15th and a few weeks ago I bought it cheaply and yesterday I sold it at a price that can be spelled out fantastic and get many profit. But not everything is true depending on the market conditions are adequate. The most important thing is to try to learn the coin analysis you want to trade sir.
Maybe it's a little science that I give may be useful for everyone

sirminesalot

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Activity: 1148

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Quote from: petermike on October 13, 2018, 12:41:35 AM

The main reason for my trading failure is that when the market goes down, i worry too much every day that makes me mistake in the basics of trading. Another reason is that i am constantly afraid of failure. Too much fear, too much stress has a negative impact on my health and is definitely my result.

do not be afraid to fail, because we are successful until now it starts from a failure. make it a failure as our experience, actually when the market goes down we can still make small profits but not every day. always believe it will make you confident and will not experience stress or other negative things that will make us lose.

rachellee

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Quote from: whitemigos on October 10, 2018, 09:07:56 AM

There is something I don’t know? Please tell me more.

Well, to tell you frankly, you'll never know everything. No matter how long you'll be in this business, you will never know everything. Basics are enough. Learn how to read the graph, probable pump and dump, if the pump or dump will continue, stuffs like those, so that you'll learn when to buy and sell. You also have to have a target profit. If you reach your target profit, sell even if it feels still pumping, 'coz you can never trust your feelings. Most of the time, it'll betray you. Before you know it, the price is already dumped before your very eyes. I guess, the most important thing that you have to learn here is suppressing your greed. Many traders failed in this area and lost.

Topic: I fail in trading - page 38. (Read 25138 times)